Venture Global, Inc. Class A (VG – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Manav Gupta from UBS maintained a Hold rating on the stock and has a $18.00 price target.
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Manav Gupta has given his Hold rating due to a combination of factors including the significant recent appreciation in Venture Global, Inc. Class A’s stock price, which has surged by over 100% in the past two months. This impressive performance has outpaced both the S&P Energy index and global peers, leading to a valuation that limits further upside potential relative to the current price target of $18 per share.
Despite the positive momentum and improved execution reflected in higher valuations, the stock is now trading at a higher multiple of its next twelve months EBITDA compared to post-Liberation Day levels. While the fundamentals appear strong, with increased project activity and regulatory approvals for new facilities, the current valuation aligns with its peer group, justifying a Hold rating rather than a more aggressive stance.